BANKING: The Chase Wants to Know

The world's biggest bank. Chase National of
N. Y., last week was embarked upon an attempt to solve U. S. bankers'
most annoying headache: who controls the U. S. funds of Dutch, Danish,
Norwegian, Belgian, Latvian and other Russian and Nazi victims? The
assets of ten such countries have already been "frozen" here
by U. S. decree (estimated total on ice: around $3,000,000,000) and can
be transferred only by license from the U. S. Treasury, via the Federal Reserve Bank.
But even the Treasury's say-so does not free a U. S. private banker from
the legal consequences of making a...